Property profile

1635 3rd SE Ave Rochester, MN 55904

OFF-MARKET
Warehouses
Property ID
US46-1434429
8,440 SF 0.5 ac lot Built 1998
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1998
Total area 8,440 SF
Lot 0.5 ac (21,780 SF)
APN 64.11.41.008236
UPID US46-1434429

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor

Location

1635 3rd SE Ave Rochester, MN 55904-7945
Rochester metro Census 1000 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$890k
CAP Approach CAP
$1.03M
Comparable Approach Comparable
$924k
Blend (final) Blend
$930k

Owner & transaction history

since 2023
Last sale
$1.1M
1 recorded transaction
2023
$1.1M

Zoning & alternative use

Top alternative use upside
Restaurant $1.5M +80.2%
Commercial (general) $1.4M +65.5%
Retail stores $1.4M +65.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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